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Knowing that Caesar's preferences over apples (X) and oranges (Y) can be represented by the utility function U = 2XU Y.>, select the correct option
Knowing that Caesar's preferences over apples (X) and oranges (Y) can be represented by the utility function U = 2XU Y.>, select the correct option about the bundles on the graph: m A UMOZDO . D .C B APPLES O We do not have enough information to know how Caesar ranks these bundles. O A and C might be on the same indifference curve. O Caesar's ranking is, possibly, E > A ~ B > D > C. O Caesar's ranking is, definitely, E > D > C > A ~ B. QUESTION 5 1 points Save Answer Bettina's preferences are represented by the utility function U(X, Y) = X- + XY. Assume her levels of consumption are X = 10, Y = 3. Figure out which marginal utility is higher (with respect to X or with respect to Y), then as your answer enter the value of the higher marginal utility
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